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1195 Northwest 71st Street

Russel Andrev Acquires Industrial Property At 1195 Northwest 71st Street For $5.3M
SOLDIndustrial

Russel Andrev Acquires Industrial Property At 1195 Northwest 71st Street For $5.3M

1195 Northwest 71st Street

$5,300,000

$220/SF

Building Size

24,084 SF

Asset Type

Industrial

Closing

Oct 31, 2024

AI

The property asset involved in this transaction is an industrial property located at 1195 Northwest 71st Street in the Miami market. The sale price was $5,300,000, and the property encompasses a total square footage of 24,084, resulting in a price per square foot of $220.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,300,000
  • Address: 1195 Northwest 71st Street
  • Market: Miami
  • Square Footage: 24,084
  • Price Per Square Foot: $220
  • Buyer: Russel Andrev
  • Seller: Juan Carlos Gonzalez
  • Brokers: Alfredo Riascos & Mateo Romero - Gridline Properties

The individuals involved in this transaction include Russel Andrev as the buyer and Juan Carlos Gonzalez as the seller. The deal was brokered by Alfredo Riascos and Mateo Romero, representing the brokerage firm Gridline Properties.

Players

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93